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Former Prime Minister Yousuf Raza Gilani on Monday visited the headquarters of intelligence agency, ISI, to discuss the abduction of his son. Gilani met DG ISI Lieutenant General Rizwan Akhtar and briefed him about his telephonic conversation with Ali Haider Gilani. DG ISI assured Gilani full co-operation from the intelligence agency. He also informed the DG ISI about discussion with Afghan officials.

An Anti-Terrorism Court (ATC) on Monday ordered that US journalist Mark Siegel's statement should be recorded through a video link in the murder case of former Prime Minister Benazir Bhutto. The ATC ordered the Foreign Ministry to direct the Pakistani Embassy in the US to make necessary arrangements to record Siegel's statement. Mark Siegel has refused to come to Pakistan and record his statement in the Benazir Bhutto's murder case.
Sindh High Court on Monday rejected Shoaib Sheikh's application for security bail in Karachi. The main character of Axact scandal, Shoaib Sheikh, presented himself before the court. His lawyers took permission of submitting an application for a security bail from Justice Ahmed Ali Sheikh and after the due process, submitted it in registrar office of Sindh High Court. Sindh High Court rejected the application.
The United States and Turkey have agreed "in principle" to give air support to some forces from Syria's mainstream opposition, Turkey's foreign minister said, in what if confirmed could mark an expansion of US involvement in the conflict. There was no immediate comment from US officials on the assertion - though Washington has so far refrained from committing to enforcing a "safe zone" for Syrian rebels, as it could be seen as a declaration of war on the Syrian state.
A Tunisian soldier opened fire at a military base in the capital on Monday, killing seven colleagues and wounding 10 others before being shot dead himself, according to the army which said the shooter had "family problems". What exactly triggered the shooting at the Bouchoucha base in Tunis was not immediately clear, but the incident alarmed residents in the capital city still on edge after an attack in March by Islamist gunmen on the Bardo national museum. When gunfire erupted on Monday morning, police evacuated a nearby school, as locals feared they may be under attack.
An Air France flight from Paris was escorted by US fighter jets to New York's John F. Kennedy International Airport on Monday after an anonymous threat was made against the flight, according to WABC television. Flight 22 from Charles de Gaulle Airport landed safely, an airport official said. It was to be taken to a secure area at the New York airport to be searched, according to ABC News. Citing an unnamed senior US official, ABC News said the Maryland State Police Fusion Center, which handles intelligence gathering, received an anonymous call of a chemical weapons threat on board the plane.
The Karachi share market got a boost Monday as the growth-conscious central bank cut the cost of bank borrowings by one percent to a 'historic' 42-year low of seven percent Saturday. However, a sharp decline in the index heavyweight banking stocks made the day's rally marginal. The KSE-100 index rose by 102 points or 0.31 percent to close at 32,707.22 compared to 32,605.62 of Friday last.


Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,117.17 0.50
Arrow Nikkei 20,413.77 0.74
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,643.88 1.12

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln